Jeremy Inc. produces leather handbags. The production budget for the next four months is: July 5,700 units, August 7,600, September 8,000, October 8,900. Each handbag requires 0.7 square meters of leather. Jeremy Inc.s leather inventory policy is 20% of next months production needs. If the leather policy is met, what will the July 1 inventory be?

1,873.0 square meters

798.0 square meters

348.0 square meters

1,064.0 square meters